Wipro has declared a new partnership with UK-based platform business Wealthtime and global technology partner GBST, marking its latest move to enhance its presence in the UK’s financial technology sector. The partnership is aimed at delivering a customer-centric, digital-first platform as part of a market-leading service offering for Wealthtime's clients.
In its filing with the Bombay Stock Exchange (BSE), Wipro outlined the details of the agreement, which includes transferring Wealthtime’s operations and technology functions to Wipro’s newly established UK Center of Excellence for business processing, located in Southwest England. The centre will focus on business processing solutions tailored to the financial services industry.
Wipro and GBST will collaborate through a joint co-delivery model, utilising Wipro’s extensive experience in technology and artificial intelligence (AI) to improve service standards and customer-facing applications. The partnership is expected to enhance operational efficiency and improve the customer experience for Wealthtime’s clients, further solidifying Wipro’s position as a leader in the fintech sector.
This collaboration is a step forward in Wipro’s intent to strengthen its foothold in the UK’s financial services market by providing innovative, digital-first solutions that meet the evolving needs of the industry.